केन्द्रीय विद्यालय संगठन,कोलकाता संभाग
KENDRIYA VIDYALAYA SANGATHAN, KOLKATA REGION
अभ्यास सेट-II / PRACTICE SET-II : 2024-25
कक्षा/CLASS-XII पूर्ण अंक/FULL MARKS-80
विषय/SUBJECT:-अर्णशास्त्र/ ECONOMICS समय/TIME:-3:00 HRS
MARKING SCHEME
1 (c) 1
2 (b) Savings account deposits and current account deposits. 1
3 (a) 1
4 b. 1
5 value of multiplier =2 or 1
Minimum value of k=1 & maximum value is infinity.
6 a. 1
7 b. 1
8 b. 1
9 (c)Autonomous transaction. 1
10 (b 1
11 When GDP is calculated at a current year price it is called 3
nominal GDP &When GDP is calculated at a base year price it is
called real GDP.
Real GDP as there is a real flow of goods & services in the
economy.
Or
Use circular flow model of house hold & firm in a two sector
closed economy.
Explain money flow & real flow.
12 (a)Capital account & debit side. 3
(b)Current account & debit side.
13 Reserve bank of India. 4
Central bank is a banker, agent, & financial advisor to the govt.
#As a banker to the govt, it manages accounts of the govt.
#As an agent to the govt, it buys & sell securities on behalf of the
govt.
#As an advisor to the govt, it frames policies to regulate the
money market.
# It keeps reserve of foreign exchange of the govt.
1
14 Mps=0.25 4
15 It is an accounting statement showing estimated receipts & 4
expenditure of the govt in a fiscal year.
Budget of the govt shows its comprehensive exercise on the
taxation & subsidies.The govt uses its fiscal instruments of
taxation & subsidies to improve the distribution of income &
wealth in the economy in two ways-
(i)By imposing tax on the rich & giving subsidy to the poor.
(ii)By supplying food grains to BPL population at a low price.
Example:Free distribution of LPG connection to the poor
people.
16 It is a situation in which aggregate demand is less than aggregate 6
supply to maintain full employment in the economy. Diagram is
required.
Public borrowings- The central bank will increase borrowings
from rest of the world to increase the flow of credit in the
economy.As a result aggregate demand will increase &
inflationary gap wipe out.
Or
(i)According to this approach, equilibrium GDP or income is
achieved when savings is equal to investment.
It can be explain with the help of schedule-
Income consumption savings investment
0 25 -25 25
50 50 0 25
100 75 25 25
150 100 50 25
Equilibrium level of income is 100 as savings is equal to income at
this level.
(ii)
Given consumption curve (C) intersecting 45o line at B (Break-even
level of
income). Steps for derivation of saving curve from the consumption
curve
are as follows:
1. Take OA on the negative intercept on Y-axis equals to OC
(Autonomous
consumption) having positive intercept on Y-axis, as a starting point of
the
saving curve.
2. Draw a perpendicular from point B (where, Y=C) intersecting the X-
axis
at B’ (where S=0) which is another point on the saving curve.
3. Join point A to point B’ extending the line till point S to get the
saving
2
curve (AS).
Use diagram.
17 (i) It means income from property and entrepreneurship. Its 6
components are rent, interest, profit .
(ii) Expenditure on defense sector.
(iii) 1700
PART-B
18 (a)Kerala & WB. 1
19 (b) 1
20 No,she is not paid for her work. 1
21 (a)NABARD.. 1
22 (a)SHGs. 1
23 c. 1
24 secondary 1
25 a 1
26 a 1
27 China. 1
or
(b)2016.
28 It is that process of development which meets the needs of present generation without 3
reducing the ability of future generation to meet their own needs.
(i)Promotion of nature resources like plantation of trees.
(ii)people should not use polythene bags.
Or
Yes, I do agree. They are often exploited because of
(i)No rules & regulation.
(ii)No job security.
(iii)No trade union. .( any other relevant points.)
29 The given image indicate towards the environmental challenges of 3
global warming. Global warming is a gradual increase in the
average temperature of the earth’s lower atmosphere as a result
in the increase in greenhouse gases.
The statement given, “we are running out of time, act now before
it’s too late’ represents the urgency of actions to be taken to
control the situation. Various studies have shown that global
warming is causing rise in sea level, loss of coastal land, increase
risks of floods, etc.
30 Employment in other allied activities. 4
Diversification in agriculture activities-It has the two aspects.
1. Diversification of crop production refers to a system of multiple
cropping rather than monocropping.
3
2. Diversification of productive activities imply a shift from crop farming
to non-farming areas ofemployment like animal husbandry, fisheries,
Horticulture etc.
It has following advantages:
1. Reduce the risk from agriculture sector.
2. Provide ecological balance.
3. Provide sustainable livelihood option to people living in village.
Or
Ans.(i)Female education in India is still a far cry.
(ii)Employment for women is still governed by family decision.
(iii)Poverty in rural areas compelled women to do job.
(iv)Women are not safe at night.
31 (i)a 4
ii.b
iii.d
iv.
32 Development path of India, Pakistan & China: 4
(i)All the three countries started their development path at the same
time.
(ii)India & Pakistan got independence in 1947 People’s Republic of
China was established in 1949.
(iii)India announced its 1st five year plan in 1951, Pakistan in 1956 &
China in 1953.
(iv)Both India & Pakistan had adopted mixed economy but China had
adopted command economy.
(v)Economic reforms were initiated in China in 1978, in Pakistan in
1988 and in India in 1991.( any other relevant points.)
33 It refers to the stock of skill, ability, expertise, education & 6
knowledge in a nation at a point of time.
Role(i)Increase in production.(ii)Improvement of quality of
life(iii)Increases life expectancy.(iv)Innovative skills(v)Control of
population growth(Brief explanation is required)or any other relevant
points.
Or
Three employment generation programmer adopted by Govt. of India
are-
(i)Prime minister’s Rozgar Yojana(ii)National Social Assistance
Programme. (Brief explanation is required)or any other relevant
points.
(ii) Under the Saansad Adarsh Gram Yojana (SAGY), introduced by the
Government of India, Members of Parliament (MPs) need to identify and
develop one village from their constituencies. MPs were to develop three
4
villages as model villages, covering over 2,500 villages. MPs were
expectedto facilitate a village development plan, motivate villagers to
take up activities and build infrastructure in the areas of health, nutrition,
andeducation.
34 Globalization, in fact, is the outcome of the policies of liberalization 6
and privatization.
Policy strategies promoting it are-
i.Increase in equity limit of foreign investment.
ii.Partial convertibility
iii.long term trade policy
iv.Reduction in tariffs.
v.Withdrawal of quantitative restriction on imports.
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